This special report from Horwath HTL looks at the Netherlands Hotel Market.
DUTCH ECONOMY: AIMING FOR RECOVERY
Like most western countries, the Dutch hotel industry has a strong focus on the business segment and as such is very much dependent on the development of both the national and international economy. The Dutch economy was hit hard in the recent financial crisis, leading to a economic decline of -4% in 2009, followed by a slow recovery in 2010. In the third and fourth quarter of 2011, the economy was once more in decline as a result of the European debt crisis. The outlook for 2012 and 2013 is a slow economic growth at best.